In general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test.

If a property passes the bank's sniff test at 75/25 you've had a second set of eyes looking at it to help overcome some of your own bias. 

Thus the plan to use a known builder with tested models to mitigate risk and potentially allow us to replicate the process in the future. 

Lead Safe testing required for every single rental unit in the city built before 1978. $300 violations to a property owner if a neighbor dumps trash on your adjacent sidewalk. 

Low CAP of$16,000 after then it's $250 per transaction.Send me a DM or call me if you will like to go in-dept on what eXp has to offer you.Go ace that test man.

@Josh Garden Depending on the market you can use the 1% rule as a sniff test before drilling in to calculate real numbers and run comparable with the market.

But I paid $125 to have an asbestos testing company come out and test it and it came back negative!

Have you done a Perc test or validated there is water?

The two above leases we decided to go relatively short term to test out the relationship with the tenant before signing them to a longer term lease, which we did with the current tenant at Property #1 .

I don't think a personal touch would hurt, I haven't tried it though so definitely test and let us know!